Commercial Lines
Ridesharing Services: Insurers Slow to Grab the Wheel to Offer Coverage
Ridesharing services are becoming increasingly popular among consumers looking for a more convenient alternative to taxis or other forms of public transportation. Tracking the demand upsurge, new ...
Zurich Restructures Contract Surety Teams to Align with Mid-Market, National Customers
On Thursday, Zurich North America announced the creation of two dedicated contract surety teams focused on specific customer segments—one for middle market contract surety and one for large ...
Valen Analytics Releases New ‘Risk Score’ for Workers Comp Insurers
Valen Analytics, a provider of proprietary data, analytics and predictive modeling to help insurers manage and drive underwriting profitability, has announced its new Risk Score for workers ...
Chicken Producer, London Insurers Beak-to-Beak in Product Recall Battle
Foster Farms and its London insurers are facing off over the definition of "product recall" as the poultry producer seeks payment of $14.2 million in claims arising from a government-mandated ...
FAA Drafting Rules to Open Skies to Small Drones
The U.S. air safety regulator is drafting rules to permit small drones to be used for commercial purposes, a step toward allowing remote-control planes and helicopters to be deployed for everything ...
Lawson to Succeed Subramaniam as CEO of FM Global in 2015
FM Global announced Thursday that Executive Vice President Thomas A. Lawson will succeed Shivan S. Subramaniam as chief executive officer, effective Jan. 1, 2015. For now, Lawson has been appointed ...
ISO Joins With IDT911 to Analyze Cyber Risks
IDT911 (Identity Theft 911) has become the vendor of choice for data-breach avoidance and remediation services for the ISO Businessowners Program, ISO said Wednesday, announcing a strategic ...
Guy Carpenter: July 1 Renewal Rates Declined on Many Fronts
Insurance policy renewals as of July 1 declined by double digits in a number of lines and regions around the world, Guy Carpenter reported in a July 7 update. The market assessment echoes those made ...